All Forum Posts by: Ryan Daigle

I don't think you can make such an absolute statement as "won't be affected" without some additional parameters. MFH has already been affected if you just look at April collections. You're probably talking more about to what degree it will be affected, and how it will fare relative to other asset classes?

I do think MFH has the benefit of being supported by several long term demographic trends so I'm very bullish long term. But you can't just wave away the ripple effects of such a deep economic distress as what we're experiencing now either.

I'm still very glad I own apartments and not strip malls!

Hey @Jeremiah - seems like a simple math problem. Run the numbers and see how long it would take you to recuperate the 3% penalty with your new lower payments. Is it two years? Five? Ten? If you're planning on holding for 5+ years then any ROI that's under that might make sense.

I would heavily discount any planning after 5 years, though, given it's really hard to forecast that far in real estate.

Anything under a two year ROI is probably a solid move, and anything over would be very specific to your situation/goals.

Hey @William Henry, you should hit Dawn Brenengen if you're looking for an investor friendly agent.

@AJ Sekhon you may have more luck with the EIDL program, which I believe allows for mortgage reimbursement.

Hi @Lisa Gauff, what aspect of RE are involved in? The rules are more amenable to people with active businesses (payroll, expenses, etc...) than investors.

Hi @Shafi Noss.

Depends on your definition of "quite" :) Is it riskier than first-position debt? Yes. Is it less risky than equity? Yes. You don't have to look much further than the terms of mezz debt to know if it's risky. They require better terms than the primary loan source, but don't need to get the projected returns of equity. It's that nice little goldilocks spot for some investors.

You have to be careful with mezz debt, though, since many first position lenders will care that there's another debt source on the deal. They may not like to see you levered to the hilt like that.

Hey @Andrew LeBaron, I've seen buildium used quite a bit by the majority of non-institutional property managers I've interacted with. They seem to have a good reputation. Appfolio is another popular one.

Hey @Karl Schnitzer. There is very rarely a "better" investment. There are just investments that are right for different investment goals. So I would say we need to understand your goals better to give the right advice.

If I may speculate, you're young and are most interested in increasing your net worth so you can execute on a variety of different real estate opportunities. Given that, appreciation is your priority over income for your current stage of life. So general market index funds are probably better for you right now than more conservative but income-oriented equities.

@Brian Geiger as others have already said - you need to find an experienced investor to partner with for your first deal. But you need to identify what value you can bring them so you're not just riding their coat tails. Maybe it's being the boots on the ground. Maybe it's raising money. Find a role and an experienced investor that values that role to get your first at-bat.

Hi @Doug Smith. Congratulations on taking such decisive action already!

Sounds like you're not yet in the position to have enough capital to do a deal yourself? If you don't want to be limited by your means, then you need to get good at networking with investors and/or identifying good deals. Invest in those things while you build your own means.

I'm local to you (Apex, NC), so let me know if you ever need anything or just want to network.